News / Economy

Europe, US Stocks Stabilize, but Asian Indexes Tumble

A man reacts to a gust of wind as it starts to snow, in front of an electronic stock board at a securities firm in Tokyo, Feb. 4, 2014.
A man reacts to a gust of wind as it starts to snow, in front of an electronic stock board at a securities firm in Tokyo, Feb. 4, 2014.
VOA News
European and U.S. stocks stabilized Tuesday, a day after a large sell-off at New York exchanges, but Asian markets fell sharply.

Key stock indexes in London, Paris and Frankfurt closed mixed, but U.S. stocks advanced in mid-day trading.  

Asian stocks suffered following Monday's release of weaker-than-expected manufacturing data in the United States.

Tokyo's benchmark Nikkei average ended the day down nearly 4.2 percent - its lowest mark in nearly three months.

After making strong gains in 2013, the Nikkei has tumbled more than 15 percent since the start of the year.

Japanese Cabinet Secretary Yoshihide Suga said investors are concerned about developments in the U.S., with the world's biggest economy.

"In addition to future concerns with the emerging markets, U.S. economic data announced earlier was seen as weak, meaning that there is now a heightened sense of uncertainty with the U.S. economy as well. Investment money thus fled to less riskier U.S. government debt, and at the same time, there was a move to buying back the yen,'' he said.

Trading was also lower in South Korea and Hong Kong. Markets in China and Taiwan were closed for a holiday.

Wall Street on Monday had its worst day since June, after new data showed U.S. manufacturing activity slowed sharply in January.

There are also lingering concerns about emerging markets following the U.S. Federal Reserve's decision to further trim its bond-buying stimulus.

The policy, which is on pace to end altogether by the end of the year, was meant to pump more money into the U.S. economy, boost job growth and keep interest rates low.

But as interest rates edge higher, analysts worry investors will pull their money from emerging economies and seek higher returns in the U.S.

You May Like

Photogallery Pope Condemns IS 'Persecution' of Minorities

Pope delivers annual 'Urbi et Orbi' (to the city and the world) blessing, appeals for end to conflicts in Africa, dialogue in Middle East, condemns Taliban attack in Pakistan More

China Reduces Number of Crimes Punishable by Death

Earlier this year China announced plans to remove nine crimes from the list of capital offenses, including counterfeiting, fraudulent fund-raising and forcing others into prostitution More

Analysis: For N. Koreans, Parody Has Grave Tone

Most North Koreans who might see 'The Interview' would be horribly offended, outraged, and confused More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Estimates Rising of Foreign Fighters in Iraq, Syriai
X
Jeff Seldin
December 24, 2014 11:38 PM
Foreign fighters are making more of a mark on the battles raging across Syria and Iraq than initially thought. VOA's Jeff Seldin has more.
Video

Video Estimates Rising of Foreign Fighters in Iraq, Syria

Foreign fighters are making more of a mark on the battles raging across Syria and Iraq than initially thought. VOA's Jeff Seldin has more.
Video

Video Russians Head Into Holiday Facing Economic Malaise

Russian preparations for the New Year holiday are clouded by economic recession and a tumbling currency, the ruble. Nonetheless, people in the Russian capital appear to be in a festive mood. VOA's Daniel Schearf reports from Moscow.
Video

Video Mombasa in Holiday Tourism Slump Due to Security Fears

Kenya's usually popular beachside tourist destination of Mombasa is seeing a much slower holiday season this year due to fears of insecurity as the country has suffered from a string of terror attacks linked to Somali militants. Mohammed Yusuf reports for VOA on how businessmen and tourists feel about the situation.
Video

Video For Somalis, 2014 Marked by Political Instability Within Government

While Somalia has long been torn apart by warfare and violence, this year one of the country's biggest challenges has come from within the government, as political infighting curtails the country's progress, threatens security gains and disappoints the international community. VOA's Gabe Joselow report.
Video

Video US Political Shift Could Affect Iran Nuclear Talks

Secretary of State John Kerry’s efforts to resolve Iran’s nuclear crisis are continuing into 2015 after Iran and six world powers failed to agree by a November deadline. U.S. domestic politics, however, could complicate efforts to reach a deal in the new year. VOA State Department correspondent Pam Dockins has the story.
Video

Video NYSE: The Icon of Capitalism

From its humble beginnings in 1792 to its status as an economic bellweather for the world, the New York Stock Exchange is an integral part of the story of America. VOA’s Bernard Shusman reports from Wall Street.
Video

Video Islamic State Emergence Transforms Syria and Iraq in 2014

The emergence of the Islamic State in Iraq and Syria as a potent force in early 2014 changed the dynamics of the region. Their brutal methods - including executions and forced slavery - horrified the international community, drawing Western forces into the conflict. It also splintered the war in Syria, where more than 200,000 Syrians have died in the conflict. VOA’s Henry Ridgwell looks back at a deadly year in the region -- and what 2015 may hold.
Video

Video Massive Study Provides Best Look at Greenland Ice Loss Yet

The Greenland ice sheet is melting faster than predicted, according to a new study released in the Proceedings of the National Academic of Sciences that combines NASA satellite data and aerial missions. As VOA’s Rosanne Skirble reports, the finding means coastal communities worldwide could be at greater risk, sooner, from the impact of rising seas.
Video

Video US Marines, Toys for Tots Bring Christmas Joy

Christmas is a time for giving in the United States, especially to young children who look forward to getting presents. But some families don't have money to buy gifts. For nearly 70 years, a U.S. Marines-sponsored program has donated toys and distributed them to underprivileged children during the holiday season. VOA's Deborah Block tells us about the annual Toys for Tots program.
Video

Video France Rocked by Attacks as Fear of ISIS-Inspired Terror Grows

Eleven people were injured, two seriously, when a man drove his car into crowds of pedestrians Sunday night in the French city of Dijon, shouting ‘God is Great’ in Arabic. It’s the latest in a series of apparent ‘lone-wolf’ terror attacks in the West. Henry Ridgwell looks at the growing threat of attacks, which security experts say are likely inspired by the so-called "Islamic State" terror group.

Circumventing Censorship

An Internet Primer for Healthy Web Habits

As surveillance and censoring technologies advance, so, too, do new tools for your computer or mobile device that help protect your privacy and break through Internet censorship.
More

All About America

AppleAndroid

World Currencies

EUR
USD
0.8183
JPY
USD
120.36
GBP
USD
0.6436
CAD
USD
1.1591
INR
USD
63.474

Rates may not be current.